The Walt Disney Co. saw its income and profits increase in its last quarter, while it is preparing to launch a new streaming push built around ESPN and Hulu.
The company announced its budgetary budgetary budgetary profits on Wednesday morning, generating turnover of $ 23.7 billion, up 2% compared to a year ago, and an operating profit of $ 4.6 billion, up 8% compared to a year ago.
The company should put a new focus on ESPN, with the sport giant which should launch its first streaming service entirely trap in the coming weeks, and with the company which has concluded a successful agreement with the NFL, which will give the capital of the League in the giant of the sports media.
On Wednesday morning, ESPN announced an extended content agreement with the NFL, including an extension of the NFL draft, as well as a new major agreement to broadcast the WWE Premium live events like Wrestlemania and Summerslam from next year.
Disney direct income to consumers increased by 6% to $ 6.2 billion, the operating profit reaching $ 346 million. The company added 2.6 million Disney + and Hulu subscribers, with essentially all this growth from international markets. Disney plans to add around 10 million subscribers this quarter, largely thanks to its new agreement with Charter Communications, which brings together the product with its television packages.
Disney’s entertainment division experienced revenues of $ 10.7 billion, an increase of 1% and an operating profit of $ 1 billion, down 15%, due to the drop in linear television networks, offset by streaming growth and certain improvements in content licenses.
In the division of experiences, the opening of the epic universe of Universal did not seem Disney phase, revenues increasing by 8% to 9.1 billion dollars, and operating income increasing by 13% to 2.5 billion dollars. This growth was mainly domestic, with higher guest expenditure in American parks and an expansion of the Disney cruise line.
And in sports, revenues dropped 5% to 4.3 billion dollars, the operating profit increasing from 29% to 1 billion dollars.
Disney has also adjusted the Directives for the 2025 financial year, saying to Wall Street which he now expected to an adjusted BPA of $ 5.85, against $ 5.75 in the last quarter, and to target a direct operating income to consumer of $ 1.3 billion.
“We are satisfied with our creative success and our financial performance in the third quarter while we continue to perform through our strategic priorities,” Disney CEO Bob Iger said in a press release. “The company makes major measures in streaming with the future launch of direct direct consumption service of ESPN, our plans which have just canceled the NFL, and our next integration of Hulu in Disney +, creating a really differentiated streaming proposal that exploits the highest marks and franchises of caliber, we have family emissions, news and sporting content. experiences than at any other moment in our history.
